Amazon Reduces Prices on Cloud Services Amid Competition
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Amazon.com Inc. cut prices for its Web-based services, a day after rival Google Inc. did the same, stepping up competition among the companies in cloud computing.
The Internet-based services let customers use computer power or storage space on machines in Amazon’s data centers. Amazon said today at a conference in San Francisco that prices for its S3 storage service, which is used by customers including Netflix Inc., will be reduced by about 51 percent. The prices of other services will be lowered on average by 28 percent to 61 percent, depending on the product.